When it comes to online gambling, it has become tremendously popular ever since it penetrated the internet market in the early 2000’s, giving everyone the opportunity to enjoy high quality casino games from the comfort of their own homes, rather than having to go visit an actual brick and mortar casino in the city. A loose sort of branch of online gambling is financial trading, which includes Binary options and Forex Trading, which is something that I’ve recently taken an interest in. You can read more about how to trade online on this site!
First of all, I’d like to address the common disagreement of whether financial trading should be considered gambling or not. In my opinions, in regards to classic gambling, there are both similarities and differences and now I will take up a few of these. Let us start with similarities.
When you think about it, when you are investing in a binary option for example, you are pretty much “betting” money on your own prognosis of future market changes. You will buy an option under the assumption that within the next 30 minutes, the value of that option will have gone up, in which case you will be rewarded. However, is there any way that you can know with full certainty that that will happen? Of course not! No one can ever determine the future with full certainty. So when we compare it to another form of gambling, such as sports betting, is there really that much of a difference? When you bet on a game of football for example, you will place your money on a certain team, assuming they will win the game, in which case you will make a profit. Is there really any difference between the two of them, apart from the fact that in one case you are predicting the future of the financial market, and in the other case you are predicting the future of a sports event?
That said, financial trading also has differences to traditional gambling. First of all, when comparing it to a typical casino game, there’s not much similarity at all. In online casino games, you have no way of actually making a realistic prediction of the future, as you have no tools to analyze the situation. When playing casino games, you can only randomly place your bets based on a “hunch”. When you are trading on the financial market, however, you can make a much more realistic prediction, as there are several factors that play in to how the market moves. Basically, the more you read and know about the market and how it works, the bigger are your chances of correctly predicting the future projections of a stock for example, and therefore you are much more likely to make a profit.
So I guess that you could on one hand say that financial trading is like gambling, as there is always a possibility that you will lose. However, wouldn’t any form of business then be considered trading, based on the fact that you can never truly know what will happen in the future? In the end, I think it’s unnecessary to spend too much time thinking about it – Either way it’s a fun way to spend your time!
A good way to learn more about forex trading in particular is to visit portals such as forextrading.pm, which you can find here!